Expect More Active Stock Picking in 2020, says TIAA CEO

The video discusses the rise of Fang stocks and potential opportunities in technology. It emphasizes the importance of focusing on market trends and the potential resurgence of active management and stock picking. The speaker expresses caution about consistently outperforming the market and highlights potential headwinds for corporate earnings due to regulatory changes. The overall market outlook is less optimistic, with uncertainty about picking future outperformers.

What is the speaker's perspective on the public policy environment's impact on corporate earnings?

What are some potential headwinds for corporate earnings mentioned in the text?